On the first day of the fiscal year, a company issues a $1,000,000, 8%, 5-year bond that pays semiannual interest of $40,000 ($1,000,000 x 8% x 1/2), receiving cash of $884,179. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank. Cash Account Debit 884,179 Credit